Keppel DC Reit targets Asia-Pac data centre hubs
It is targeting markets such as Singapore, South Korea, Japan, mainland China and Hong Kong, as well as Sydney and Melbourne in Australia
Singapore
KEPPEL DC Reit may be headed for more equity fund-raising, as the data centre investor looks to pick up more assets after an active acquisition spree in the past year.
"Anything above S$100 million would be a nice deal size, and the larger it is, of course, it would be a lot more needle-moving," Anthea Lee, chief executive of the manager, told The Business Times.
Still, she has ruled out acquiring non-data centre assets that do not come bundled with data centres, in the face of speculation that the real estate investment trust (Reit) might continue with diversification, after last year's investment in telco M1.
No DC, no talk
As Lee noted, the Reit "widened our mandate to include our ability to invest …
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